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    AI

    Today

    Alex Pollak, CIO at Loftus Peak.

    Nvidia bulls are selling – here’s what one fundie is buying instead

    The AI market darling is reporting earnings next week, following a jaw-dropping share price run in the last 18 months.

    • Updated
    • Joshua Peach

    Dutton’s housing election; Nvidia bulls sell; Millennial set to retire

    Read everything that’s happened in the news so far today.

    Yesterday

    MinterEllison CEO Virginia Briggs says rather than feel excluded by the firm’s AI program, some graduates are excited to work with the technology.

    If AI can do the work of a grad lawyer, what does a grad lawyer do?

    As tech increasingly takes on the legal grunt work, MinterEllison is trying to rethink the work and skills of its young lawyers.

    • Hans van Leeuwen

    This Month

    Google CEO Sundar Pichai said the company was now “pushing the boundaries” of how much personal or business information it was able to pass on to Gemini for every query.

    Google steals OpenAI’s thunder with something 15 times bigger

    The new version of Gemini can write poems about objects it’s seen, or even tell the user where it last saw her glasses.

    • John Davidson
    PsiQuantum’s Aussie founders professor Jeremy O’Brien and Terry Rudolph say their plans are ‘bigger than the government of the day.’

    PsiQuantum deal will cost almost $30m just to check it works

    But most of the details of the government’s marquee bet on the potentially powerful technology have been kept secret in the budget.

    • Nick Bonyhady
    Advertisement
    “It’s still a bit surprising to me that it’s real,” OpenAI co-founder and chief executive Sam Altman wrote in a blog post after the announcement of the company’s latest AI development.

    ‘Like AI from the movies:’ New ChatGPT arrives

    The launch was not without some snags: after coaching a researcher through solving an algebra problem, it said: “Wow, that’s quite the outfit you’ve got on.”

    • Paul Smith

    Apple will revamp Siri to catch up with chatbot competitors

    Apple is expected to release an improved Siri that is more conversational and versatile at its developer conference in June.

    • Tripp Mickle, Brian X. Chen and Cade Metz
    The Chanticleer podcast features James Thomson and Anthony Macdonald.

    Has Qantas really changed?; Perpetual’s fall from grace; AI’s big energy problem

    This week on the Chanticleer podcast, James and Anthony look at Qantas’ $120 million settlement, extract lessons from the demise of funds management giant Perpetual, reveal why everyone is talking about data centres and energy.

    AI pioneers pay $12.45m for harbourside penthouse

    Appen founders Chris and Julie Vonwiller have joined a trend of “discerning down-sizers” seeking large apartments.

    • Bonnie Campbell
    Apple’s new iPad Pro ads have sparked outrage.

    Why everyone’s mad at Apple’s new iPad ad

    Apple’s crushing of human creativity has sparked backlash, but its new iPad Pro ad has also inspired some surprising video responses.

    • Will Oremus
    TAL executive Jade Rosocha is ar frequent user of Microsoft Copilot.

    Why this executive uses generative AI every second hour

    Microsoft says workers who use AI can be divided into four camps: sceptics, novices, explorers and power users, who get back more than 30 minutes a day in time saved.

    • Euan Black
    Goodman Group CEO Greg Goodman says the company is enmeshed in the AI ecosystem.

    How Goodman Group’s data centre dream could be super-sized

    The next generation of data centres will require even more land. That’s something Greg Goodman says his group can provide. 

    • James Thomson
    Jon Gray says the investment themes of AI, energy and private credit are colliding.

    Blackstone’s Jon Gray reveals ‘defining theme for the next decade’

    The Wall Street titan says three megatrends that have driven Blackstone to $1.9 trillion in assets under management are now combining in a unique way. 

    • James Thomson
    The new Magic Keyboard looks like a laptop keyboard.

    Will Apple’s new iPad Pro finally replace your laptop?

    Apple says its new M4 iPad Pros will have better AI, better performance and better battery life than laptops. But don’t throw away your laptop just yet.

    • John Davidson
    Stanley Druckenmiller says the Fed set financial conditons on fire at exactly the wrong time.

    ‘I’m not Buffett’: Druckenmiller on Nvidia, Trump and the Fed’s error

    Wall Street legend Stan Druckenmiller has profited from the Federal Reserve’s dovish pivot, though he says it could get harder for investors to time AI’s boom.

    • James Thomson
    Advertisement
    Apple also unveiled updates to more affordable iPad Air models, including a new 13-inch model in response to some people’s preference for even larger screens.

    Apple plays up AI potential in new iPads

    The tech company unveiled a bevy of new iPads including two versions of the iPad Pro sporting its M4 chipset and a redesigned iPad Air model in two sizes.

    • Chris Velazco
    xx

    ANZ reveals $2b buyback; Macquarie bets on AI; Bonza backers’ plot

    Read everything that’s happened in the news so far today.

    AI start-ups face a rough financial reality check

    The AI revolution, it is becoming clear in Silicon Valley, is going to come with a very big price tag.

    • Cade Metz, Karen Weise and Tripp Mickle
    Narendra Modi said fake voices were being used to purportedly show leaders making “statements that we have never even thought of”.

    Fake videos of Modi aides trigger political showdown in India election

    Indian police arrested at least nine people, including six members of Congress’ social media teams, in the states of Assam, Gujarat, Telangana and New Delhi.

    • Munsif Vengattil, Saurabh Sharma and Rishika Sadam
    See’s Candies president & CEO Pat Egan talks with Warren Buffett at the See’s Candies booth at the Berkshire Hathaway shareholder meeting.

    Warren Buffett says AI may be better for scammers than society

    The billionaire investing guru predicted scammers would seize on the technology, and may do more harm with it than all the good already realised or envisioned.

    • Josh Funk